This property looks like a bad Airbnb investment with a projected -17.63% first-year return on $91,290 initial cash invested.
-17.63%
Cash On Cash
1.76%
Cap Rate
0.29
DSCR
$2,463
Rent
-$1,341
Cashflow
Cash Flow
$2,463 income − $3,804 expenses = $1,341 out of pocket
Investment Breakdown
|
Purchase Price
$349k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,290
Downpayment
20%
$69,800
Closing costs
1%
$3,490
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,463
Total Expenses
$3,804
Mortgage P&I
71%
$1,753
Property Taxes
30%
$746
Home Insurance
5%
$122
HOA
0%
$0
Property Management
15%
$369
CapEx
4%
$99
Vacancy
0%
$0
Maintenance
4%
$99
Other
25%
$616